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Yuan Revaluation Is a Win-Win for China-U.S.: Lee Hsien Loong

The world has recovered remarkably quickly from the financial crisis. But growth is now on two tracks: developed economies still struggling with fiscal, financial and structural problems, while emerging economies, especially in Asia, are growing robustly. The resulting global imbalances have created international tensions.

The Group of 20 has emerged as a forum to tackle these issues. It was especially effective during the crisis, and remains valuable as it is more inclusive than the G-8.